FIRST TIME FLORIDA HOME LOAN PROGRAMS Florida home buyers will find that a government insured/guaranteed home loans including FHA, VA, and USDA home loans are easier to qualify for than any other Florida fist time home buyer loan program. Details and qualifying information for first time Florida home buyer loan programs are listed below.



Government Mortgage types

Housing Expense Ratio:

Total Monthly Expense Ratio:

FHA 96.5% LTV



VA 100%



USDA 100%



According to HUD the definition of a Florida first time home buyer is one of the following:

  • A Florida first time homebuyer is an individual who has not had an ownership interest in a principal home during the last 3-years. This includes a spouse (they are considered first-time Florida homebuyers).
  • A single parent is a first time homebuyer if they have only owned with a former spouse while married.A single parent who has only owned with a former spouse while married is also considered a first time homebuyer.
  • A first time homebuyer is one who is one who has been a displaced homemaker and has only owned with a former spouse.
  • A first time Florida homebuyer is one who has only owned a principal Florida home not permanently affixed to a permanent foundation in accordance with applicable regulations.
  • A Florida first time homebuyer is an individual who has only owned a Florida home that was not in compliance with Florida state, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent structure.

Dont wait pre approved now for one of our fist time Florida home loan programs today!    FREE CONSULTATION :: GET PRE APPROVED NOW!


  • FHA LOANS FOR FIRST TIME FLORIDA HOMEBUYERS-An FHA loan is a perfect Florida first time home buyer loan. With an FHA loan Florida first time home buyers can qualify with minimal down payment and less than perfect credit, they are the easiest of all Florida home loans to qualify for. FHA loans are insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money directly to Florida first time home loan applicants, rather the FHA insures private Florida mortgage lenders against default through mortgage insurance (MIP). FHA loans are available to Florida first home buyers and moving up buyers. This first time Florida home loan program is designed to help creditworthy families with a small down payment purchase a Florida home.
  • VA LOANS FOR FLORIDA FIRST TIME HOMEBUYERS- VA home loans differ from FHA in that the VA guarantees these loan to eligible veterans for the first time purchase of a Florida home. The VA guaranty means the mortgage lender is protected against loss if the borrower fails to repay the loan. In most cases, no down payment is required and the seller can pay up to 4% to cover the first time VA home buyer prepaid taxes, insurance ect, closing cost. With a VA guaranteed loan and the borrower usually receives a lower interest rate than is ordinarily aavailable with other Florida mortgage programs
  • USDA-FLORIDA FIRST TIME HOMEBUYER LOANOne of the most attractive and flexible mortgage for first time Florida home buyers is he USDA Guaranteed Rural Housing Program is aavailable to low- and moderate-income households in designated rural areas of Florida. Under this program 100% financing is aavailable and no mortgage insurance is charged to the first time Florida home buyer, making it one of the best Florida programs aavailable. The 2% USDA Guarantee Fee may also be financed in to the loan amount. In Florida, the maximum loan amount is $417,000.
  • NO CREDIT SCORE- FIRST TIME FLORIDA HOMEBUYERS- As a Florida mortgage company we are proud to help would be First time Florida home buyers get approved with no credit score or minimal trade lines. Unlike most Florida mortgage lenders we can approve Florida first time home buyers and no credit loan applicants using nontraditional trade lines from direct service providers. Direct service providers include electric company, water company, insurance, cell phone just to name a few.
  • BAD CREDIT- FIRST TIMIE HOME BUYER LOANS Florida Bad credit first time home buyers and moving up buyers that have suffered a bankruptcy or foreclosure in the past might qualify for a good Florida mortgage. First time Florida home  buyers must wait 3 years after a Foreclosure and 2 years after a chapter 7 bankruptcy to qualify for a first time Florida homebuyer FHA loan. Otherwise the last resort for bad credit first time Florida home loan applicants is hard money lender.
  • HARD MONEY -FIRST TIME FLORIDA HOME LOANS- Hard money Florida first time home buyer loans are granted based on the quick sale value of the Florida home. Quicksale value varies among private Florida hard money lenders but is usually 60-70% (LTV) loan to value. Private Florida investors base this number off the purchase price or appraised value, the lesser of the two. We have access to private Hard money mortgage lenders all over Florida. Florida hard money lenders charge 3-5 points upfront and interest rates range from 8-12%.
  • FIRST TIME FLORIDA HOMEBUYER DOWNPAYMENT ASSISTANCE- There are many downpayment assistance programs available for Florida first time homebuyers in conjunction with the mortgage programs outlined on this Florida first time homebuyer page. Keep in mind if you do qualify for a Florida downpayment assistance program you will still need closing cost. Luckily each of these goverment Florida first time homebuyer loans FHAVA, USDA allow the seller to credit from 4-6% of the price of the home sales towards your closing cost and prepaids. You will want to make sure you negotiate closing cost up front. 

Dont wait pre approved now for one of our fist time Florida homebuyer programs today! FREE CONSULTATION ::  GET PRE APPROVED

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